Hsbc Holdings PLC Cuts Stake in Green Plains, Inc. $GPRE

Hsbc Holdings PLC lessened its stake in shares of Green Plains, Inc. (NASDAQ:GPRE) by 81.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,092 shares of the specialty chemicals company’s stock after selling 57,716 shares during the period. Hsbc Holdings PLC’s holdings in Green Plains were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP acquired a new stake in Green Plains during the 3rd quarter worth $67,000. Marex Group plc acquired a new stake in shares of Green Plains in the fourth quarter valued at about $98,000. Virtus Advisers LLC acquired a new stake in shares of Green Plains in the fourth quarter valued at about $98,000. WINTON GROUP Ltd purchased a new position in shares of Green Plains in the second quarter worth about $61,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Green Plains in the fourth quarter worth about $100,000.

Wall Street Analysts Forecast Growth

GPRE has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Green Plains from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. UBS Group raised their target price on shares of Green Plains from $12.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Friday, July 17th. Oppenheimer restated an “outperform” rating and issued a $20.00 price target on shares of Green Plains in a research report on Friday, May 8th. Finally, Stephens increased their price target on Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.43.

Green Plains Price Performance

Shares of GPRE stock opened at $16.64 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.71 and a quick ratio of 1.27. The firm’s 50-day moving average is $15.93 and its two-hundred day moving average is $15.29. Green Plains, Inc. has a 12 month low of $7.07 and a 12 month high of $19.65. The company has a market capitalization of $1.17 billion, a PE ratio of -50.42 and a beta of 1.17.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.43. The company had revenue of $445.80 million during the quarter, compared to analysts’ expectations of $532.53 million. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The firm’s quarterly revenue was down 25.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.14) earnings per share. Analysts predict that Green Plains, Inc. will post 1.83 earnings per share for the current year.

About Green Plains

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.